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October NYMEX Natural Gas Futures Contract Closed at $2.574 on Thursday, September 12th

By spragueoperati | September 13, 2019 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.574 on Thursday, September 12th

Thursday, September 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.529, two cents below Wednesday’s closing price of $2.552. Jumping to $2.550 as markets opened only to […]

A meeting of OPEC and its allies ended without deeper cuts in output

By spragueoperati | September 13, 2019 | Comments Off on A meeting of OPEC and its allies ended without deeper cuts in output

Recap: Oil prices ended lower on Thursday, marking the third straight selloff, as a meeting of OPEC and its allies ended without deeper cuts in output, but with a pledge […]

October NYMEX Natural Gas Futures Contract Closed at $2.552 on Wednesday, September 11th

By spragueoperati | September 12, 2019 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.552 on Wednesday, September 11th

Wednesday, September 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.542, four cents below Tuesday’s closing price of $2.580. Searching for direction early on, prices rose above […]

Oil prices fell due to a report that President Trump is considering easing sanctions on Iran

By spragueoperati | September 12, 2019 | Comments Off on Oil prices fell due to a report that President Trump is considering easing sanctions on Iran

Recap: Oil prices fell more than 2% on Wednesday after a report that President Trump is considering easing sanctions on Iran, which could increase global crude oil supplies. A weaker demand […]

October NYMEX Natural Gas Futures Contract Closed at $2.580 on Tuesday, September 10th

By spragueoperati | September 11, 2019 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.580 on Tuesday, September 10th

Tuesday, September 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.642, six cents above Monday’s closing price of $2.585.  Extending to reach another multi-month intraday high of […]

The EIA cut its U.S. and global benchmark crude-price

By spragueoperati | September 11, 2019 | Comments Off on The EIA cut its U.S. and global benchmark crude-price

Recap: U.S. oil futures turned lower Tuesday, as traders bet that the departure of U.S. National Security Adviser John Bolton will ease tensions with Iran, potentially leading to the lifting […]

October NYMEX Natural Gas Futures Contract Closed at $2.585 on Monday, September 9th

By spragueoperati | September 10, 2019 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.585 on Monday, September 9th

Monday, September 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.520, two cents above Friday’s closing price of $2.496.  Posting a similar pattern to Friday’s activity, prices […]

Oil prices rose more than 2% on Monday

By spragueoperati | September 10, 2019 | Comments Off on Oil prices rose more than 2% on Monday

Recap: Oil prices rose more than 2% on Monday after the new Saudi energy minister reiterated his country’s commitment to OPEC+ and its policy of limiting crude oil output to […]

October NYMEX Natural Gas Futures Contract Closed at $2.496 on Friday, September 6th

By spragueoperati | September 9, 2019 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.496 on Friday, September 6th

Friday, September 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.422, a penny below Thursday’s closing price of $2.435.  Finding continued support early on from the short-covering […]

The Baker Hughes report indicated the number of active rigs in the U.S. declined for the third straight week

By spragueoperati | September 9, 2019 | Comments Off on The Baker Hughes report indicated the number of active rigs in the U.S. declined for the third straight week

Recap: After falling as much as 2.6%, oil prices reversed to the upside on Friday after the Baker Hughes report indicated the number of active rigs in the U.S. declined […]